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Mathematics, 01.12.2021 06:00 gameranonymous266
13. Compare the simple interest for one year on a principal of 1 million dollars at an interest rate of 6.3% to compounding every second for the same principal and interest rate. How many seconds are in an hour? a. b. How many seconds are in a day? C. How many seconds are in a year? d. How much interest does $1,000,000 earn in one year at 6.3% interest, compounded every second? e. How much does the same $1,000,000 earn at 6.3% in one year, under simple interest? f. How much more interest did the compounded every second account earn when compared to the simple-interest account?
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13. Compare the simple interest for one year on a principal of 1 million dollars at an interest rate...
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